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Resource Minerals International Ltd (ASX:RMI)

ALERT: Price-sensitive ASX Announcement for RMI
Current share price for RMI : $0.165 0.122 (283.72%)+
Announcement
Release
5 May 2026 8:41AM
Price at Release
$0.043
Full Release
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Summary
Resource Minerals International Ltd (RMI), listed on the ASX, has announced a successful $3.5 million share placement to fund its drilling programs in Tanzania and Saudi Arabia. The funds will support a 5,000-meter reverse circulation drill program at the Mpanda Copper-Gold project in Tanzania, as well as exploration efforts in Saudi Arabia's Shaib Marqan and Wadi Salamah projects. The placement, priced at $0.04 per share with a discount from the last traded price, includes significant contributions from the company's directors and is aimed at accelerating RMI's exploration activities to increase shareholder value.
Key Points
  • Successful $3.5 million placement to fund drilling programs in Tanzania and Saudi Arabia.
  • 87.5 million shares issued at $0.04 per share.
  • Director participation of $600,000 subject to shareholder approval.
  • 5,000-meter reverse circulation drill program at Mpanda Copper-Gold project in Tanzania.
  • Exploration in Saudi Arabia's Shaib Marqan and Wadi Salamah projects.
  • Funds to be used for exploration and general working capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.